How to buy bitcoin or cryptocurrency in 2021? it’s not rocket science! Well as we know Cryptocurrency has been around for a while now roughly 12 years. Till the first time, cryptocurrency was created in 2009 which is Bitcoin.
A lot has happened since then and looking down the road, the founder of Bitcoin Satoshi Nakamoto surely will be proud of how far we(cryptocurrency fanatics) have come with cryptocurrency preferably BTC (bitcoin), and of course, those who made a lot of money trading cryptocurrency.
What is Cryptocurrency?
A cryptocurrency (or crypto currency or crypto for short) is a digital asset designed to work as a medium of exchange wherein individual coin ownership records are stored in a ledger existing in a form of the computerized database using strong cryptography to secure transaction records, to control the creation of additional coins, and to verify the transfer of coin ownership (Wikipedia)
If you’re reading this post now, I know your goal is simple, how do I my first cryptocurrency? been it bitcoin or any other altcoins which as Ethereum, Litecoin, Dot, Link, etc. well, we guarantee at the end of this article you will at least satisfied with this article.
Honestly, I was one of those people who did not believe in Cryptocurrency and let alone Bitcoin. I seriously had my doubts about it back then and was in no way spending a few of my bucks on it. “I had trust issues”
Got into bitcoin because of a friend way back in 2020 but before that, I had to do a whole lot of research to understand what I’m getting my self into, like where exactly is my money going, how do I keep track of it, how do I trade(buy and sell), what’s the current rate, the technology behind it and also blockchain the tech powering it! With some of the research, I cannot put them all here but limit them to a few…
Now, let’s get into how you can buy your first cryptocurrency
but I will advise you do your thorough reading or findings of cryptocurrency, bitcoin, or altcoins to fully understand before you make your first purchase. “Remember, Information is Vital” Finally, made my first purchase when the rise soaring and was not really the best time for me to purchase but I had to make that decision. Looking back, was a good decision to buy my first cryptocurrency which was bitcoin.
There are lots of ways you can buy cryptocurrency but we will limit it to three(3) ways. And these platforms are;
Where To Buy Cryptocurrency?
- Coinbase – Is a secure platform that makes it easy to buy, sell, and store cryptocurrency like Bitcoin, Ethereum, Litecoin, Bitcoin Cash, etc. the platform provides support for you to create your own cryptocurrency portfolio and manage it, Recurring buys, vault protection for storing your crypto funds, and available on mobile apps so you can stay informed always.
- Binance – is an exchange where users can trade cryptocurrencies. They support many of the most commonly traded cryptocurrencies. Binance provides a crypto wallet for its traders, where they can store their electronic funds
- Blockchain – is the most popular place to securely buy, store, and trade Bitcoin, Ethereum, and other top cryptocurrencies.
Now that we’ve outlined these platforms that you can purchase your first cryptocurrency, lets us also remind you on this again please do your thorough reading or findings of cryptocurrency, bitcoin, or altcoins to fully understand what you’re getting yourself into before you make your first purchase. “Remember, Information is Vital” We will not be responsible for any money loss
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What is the best way to buy Cryptocurrency?
let's get into how you can buy your first cryptocurrency on these 3 platforms
Is Bitcoin worth investing in?
We can give a lot of reasons why it is a good investment but it comes down to your readiness to purchase it
How much money do you need to buy Cryptocurrency?
For starters, we will say $100 but what amount you want to invest in cryptocurrency depends on you